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Shares of Aeropostale were down close to 18% in morning trading Friday after the teen retailer reported lower revenue, profit and same store sales over night. The long struggling stock -- down more than 50% year-to-date and more than 70% year-over-year -- traded between $3.59 and $3.90 in the first moments after the bell, hitting a new 52-week low.

Aeropostale reported $395.9 million in first quarter revenue, down 12% from the same period a year ago. As many retailers focus on web sales as a means to boost margins, e-commerce has often shone in otherwise lackluster earnings reports. Aeropostale on the other hand saw e-commerce revenue drop 18% to $34.3 million. Same store sales also declined a staggering 13% including web sales. This is on top of a 14% drop in same store sales in the comparable quarter.

The company reported a $76.8 million net loss. This comes to a 98 cent loss per share. Excluding some onetime charges the company reported an adjusted net loss of $41.1 million or 52 cents per share. Wall Street analysts expected a 72 cent loss per share.

In a statement CEO Thomas Johnson blamed the environment for the weakness. He said, "As other retailers experienced, the macroeconomic environment was challenging during the first quarter with aggressive promotions, lower mall traffic, and unseasonable weather. While our overall results were disappointing, we were able to exceed guidance and end the quarter with inventories well-controlled."

Looking ahead, the company expects a loss of $49 million to $54 million in the second quarter or 55 cents to 61 cents per share.

Earlier this week Aeropostale rival reported similarly lackluster earnings. Revenue was down 5% to $646 million. Net income was up just 0.6% to $3.9 million or 2 cents a share. While this was better than Wall Street's expectation of zero earnings the stock dropped more than 6% on the news. American Eagle Outfitters shares are down more than 26% year-to-date and 47% year-over-year.

The outlier in the teen retail group is Abercrombie & Fitch. The company is scheduled to report earnings next week but shares are up more than 12% so far this year. That said the stock is down more than 31% year-over-year.